RE/MAX Crest Realty
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- R3113532
- Bedrooms:
- 13
- Bathrooms:
- 6
- Year Built:
- 1925
- Photos (40)
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EXCEPTIONAL INVESTMENT OPPORTUNITY: THREE DETACHED HOMES ON ONE LOT WITH 5 INCOME-GENERATING SUITES! Producing $179,136 in gross annual income ($14,728/month) with an attractive ~5% cap rate, this is a rare high-performing asset. Situated at 2452, 2472 & 2492 Balsam Street on a 5,750 sq ft corner lot (50’ x 115’) fronting Broadway, the property features three well-maintained and updated homes (circa 1925) offering 4,583 sq ft of living space, 13 bedrooms and 6 bathrooms. Five established tenancies provide stable cash flow with upside potential. Ideal for investors or long-term holding with future redevelopment potential. Ideal for investors, multi-family buyers, or those seeking a long-term holding property in a high-demand location with excellent income and future upside.
- Property Type:
- Residential Income
- Dwelling Type:
- Other
- Home Style:
- Exterior Entry to Basement, Two Levels
- Ownership:
- Freehold NonStrata
- Year built:
- 1925 (Age: 101)
- Living Area:
- 4,583 sq. ft.
- Building Area - Total:
- 4,583 sq. ft.
- Levels:
- Two
- Bedrooms:
- 13 (Above Grd: 13)
- Bathrooms:
- 6.0 (Full:6/Half:0)
- Taxes:
- $15,575.4 / 2025
- Lot Area:
- 5,750 sq. ft.
- Lot Frontage:
- 50'
- Lot Details:
- 50 x 115
- Outdoor Area:
- Balcony
- Plan:
- VAP1058
- Construction Materials:
- Frame Wood, Stucco, Wood Siding
- No. Floor Levels:
- 2.0
- Floor Area Fin - Above Main:
- 2,214 sq. ft.
- Floor Area Fin - Above Main 2:
- 0 sq. ft.
- Floor Area Fin - Main:
- 2,369 sq. ft.
- Floor Area Fin - Total:
- 4,583 sq. ft.
- Patio And Porch Features:
- Patio, Deck
- Parking Features:
- Open, Lane Access
- Parking:
- Open
- Parking Total/Covered:
- 1 / 0
- Balcony
- Shopping Nearby
- No Fire Sprinkler System, Smoke Detector(s)
- Window Coverings, Smoke Detector(s)
- Dishwasher, Refrigerator
- Washer/Dryer, Dishwasher, Refrigerator, Stove
- Window Coverings
- Age Restrictions:
- No
- By-Law Infractions:
- n
- Income as at Date:
- Apr 20, 2026
- Tax Utilities Included:
- false
- Home Owners Association:
- No
- Land Lease:
- No
- Utilities:
- Community
- Sewer:
- Public Sewer
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Listed by RE/MAX Crest Realty
Data was last updated April 21, 2026 at 03:35 AM (UTC)
- ANNA SMITH
- RE/MAX Crest Realty
- 1 (604) 5051647
- Contact by Email
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Location
5050 Kingsway
Vancouver, Burnaby, BC V5H 4C2
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.